WEST HAVEN CHILD DEVELOPMENT CENTER INC (EIN 060978738) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

PATRICE FARQUHARSON

Phone

2039322939

Tax Period

2024-10-01 to 2025-09-30

WEST HAVEN CHILD DEVELOPMENT CENTER INC, founded in 1977, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.9M left a modest 5% surplus.

Mission

THE ORGANIZATION PROVIDES DAY CARE, PRESCHOOL, SCHOOL READINESS AND HEADSTART PROGRAMS TO CHILDREN AGES 6 WEEKS TO 6 YEARS OLD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,255,486

Program Service Revenue $820,310

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,075,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,316,623

Fundraising Expenses $0

Program Expenses $2,448,342

Other Expenses $594,494

TOTAL EXPENSES $2,911,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,075,796	$2,842,717	+0.1%
Expenses	$2,911,117	$2,911,323	0.0%
Net Income	$164,679	$-68,606	-3.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARNEY AARON	DIRECTOR	002.00	Director	$0	$0	$0
MACDONALD SIMON	DIRECTOR	002.00	Director	$0	$0	$0
ONOFRIO JOHN	PRESIDENT/TREASURER	002.00	Officer Director	$0	$0	$0
ROBINSON TAMESHA	DIRECTOR	002.00	Director	$0	$0	$0
RUSSELL MARIE	DIRECTOR	002.00	Director	$0	$0	$0
FARQUHARSON PATRICE	EXECUTIVE DIRECTOR	040.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$3,075,796	$2,911,117	$1,166,629	$164,679
2024	$2,842,717	$2,911,323	$959,564	$-68,606
2023	$3,196,049	$3,206,553	$1,125,409	$-10,504
2022	$2,586,364	$2,605,574	$902,567	$-19,210
2021	$2,257,960	$2,211,855	$893,886	$46,105
2020	$1,834,237	$2,118,248	$647,247	$-284,011
2019	$2,052,394	$2,008,219	$628,730	$44,175

WEST HAVEN CHILD DEVELOPMENT CENTER INC